GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2016

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS [Abstract]

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

NOTE F: GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

The gross carrying amount and accumulated amortization for each type of identifiable intangible asset are as follows:

	June 30, 2016							December 31, 2015
	Gross					Net		Gross					Net
	Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
(000's omitted)	Amount		Amortization			Amount		Amount		Amortization			Amount
Amortizing intangible assets:
Core deposit intangibles	$	39,688	$	(31,309	)	$	8,379	$	39,688	$	(29,899	)	$	9,789
Other intangibles		17,852		(7,895	)		9,957		17,565		(6,460	)		11,105
Total amortizing intangibles	$	57,540	$	(39,204	)	$	18,336	$	57,253	$	(36,359	)	$	20,894

The estimated aggregate amortization expense for each of the five succeeding fiscal years ended December 31 is as follows:

(000's omitted)
Jul - Dec 2016	$	2,634
2017		4,412
2018		3,566
2019		2,782
2020		2,119
Thereafter		2,823
Total	$	18,336

Shown below are the components of the Company's goodwill at December 31, 2015 and June 30, 2016:

(000's omitted)	December 31, 2015			Activity		June 30, 2016
Goodwill	$	468,076		$	1,890	$	469,966
Accumulated impairment		(4,824	)		0		(4,824	)
Goodwill, net	$	463,252		$	1,890	$	465,142

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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